Technology In Accounting

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Technology is on a fast track and progresses in some fields take place on a daily basis. This
does not exclude the accounting sector, where things are not as simple as keeping books to
show profit, loss and the balance in the bank. Financial accounting systems have evolved
rapidly over the past decade as companies grapple with the challenges of compressed
business cycles, rising customer demand and a globalized, expanding customer base. The
accounting community is a highly competitive one and in combination with technology
things are changing in a very fast pace.
The article The Best of the Small Business Web by Leigh Buchanan from Inc Magazine
reveals the innovation that technology offers accountants by interviewing Paul Dunn, the
founding chairman of Results Accountants Systems (RAS). RAS offers an on-line
community that attracts accountants by providing continuing education and support. Paul
Dunn believes in expanding the conception that accountants have on themselves and their
professions and is always thinking of workshops, conferences, and other initiatives to
achieve this goal. He also believes in showing them how to help their own clients become
more profitable.
With this in mind, his company launched a web site and populated it with articles, white
papers, discussion forums, and help areas that Dunn and his staffmonitor. He also adds a
touch of prestige by providing an accreditation as Results Accountants for those active
members of the site.
The web site, RAStown, is literally community oriented and provides a collection of
buildings, or icons, that reflect their functions. Examples of these are the Library which
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